FreeYoda on Nostr: Thanks for your elaborate awnser. Don't see my followup as critics I like to better ...
Thanks for your elaborate awnser.
Don't see my followup as critics I like to better understand and yes have a clear opinion 🫣.
I see the network as one factor creating value.
Take as sample the hard cap of 21m, if that wasn't in place there would be 'no' value (and indeed also no network).
The same for Gold scarcity but also the fact gold is not suffering from corrosion over time.
All factors combined make good or bad money and #bitcoin can be argued being the best.
So how do you conclude the network is the asset and not the whole set, that what is #Bitcoin, being the asset ?
I can see many things being an asset but only a few assets as being money.
That money is what is controlled / defined by monetary policy of a nation state, is a verry narrow view I think.
Many samples available to counter that argument like cigarettes in prison functioning as money ?
But indeed most money used does go by your definition and #Bitcoin is clearly breaking that, it works without, El Salvador excepted, government declaring it money !
Your view on Gold unnecessary pegged to the Dollar is also interesting.
The decoupling shows it was not a hard precondition, but that decoupling also made it possible to build up insane amounts of debt, that caused pulling in wealth from the future and affected they way we think and act world wide, and causing inflation, but a conclusion about any progress can only be made after the whole debt fiasco is being resolved.
Could well be that unwinding has extreme consequences.
Pitty that typing is way more time consuming and cumbersome than a conversation.
Don't see my followup as critics I like to better understand and yes have a clear opinion 🫣.
I see the network as one factor creating value.
Take as sample the hard cap of 21m, if that wasn't in place there would be 'no' value (and indeed also no network).
The same for Gold scarcity but also the fact gold is not suffering from corrosion over time.
All factors combined make good or bad money and #bitcoin can be argued being the best.
So how do you conclude the network is the asset and not the whole set, that what is #Bitcoin, being the asset ?
I can see many things being an asset but only a few assets as being money.
That money is what is controlled / defined by monetary policy of a nation state, is a verry narrow view I think.
Many samples available to counter that argument like cigarettes in prison functioning as money ?
But indeed most money used does go by your definition and #Bitcoin is clearly breaking that, it works without, El Salvador excepted, government declaring it money !
Your view on Gold unnecessary pegged to the Dollar is also interesting.
The decoupling shows it was not a hard precondition, but that decoupling also made it possible to build up insane amounts of debt, that caused pulling in wealth from the future and affected they way we think and act world wide, and causing inflation, but a conclusion about any progress can only be made after the whole debt fiasco is being resolved.
Could well be that unwinding has extreme consequences.
Pitty that typing is way more time consuming and cumbersome than a conversation.